87 Comments
- Echota, on 01/05/2009, -3/+43We knew he didn't know what he was talking about when he said it anyway!
Like McCain has said.he dosen't know anything about economic's! - SheilaNoya, on 10/11/2008, -0/+38The guys on CNBC financial channel were beating McCain up on this too. Even though they are obvious Republicans, they rarely let campaign people come on and spew their talking points. However, they let one of McCain's campaign loonies come on and try to explain his "new" plan that supposedly will only cost $300 billion.
They ripped McCain's campaign representative to shreds after he spoke.
They claim McCain's plan would actually cost over $4 TRILLION and McCain had no idea what the hell he was proposing.
I trust the financial experts on CNBC much more than McCain's idiotic campaign proposals. - gwoydean, on 10/10/2008, -2/+24If the stock market decline is Obama's fault, then why isn't McCain criticizing him for it? Why is McCain refusing to talk about the Market at rallies.
One chooses stupidity. I see you chose to have a big-ass piece of it. - costumemaker, on 10/10/2008, -4/+26can do.
I like how you have laid the blame here. You blame the market for speculating on the futuyre of obama as the root cause rather than people speculating in the market in the past. Wait, no I dont like that actually.. its stupid and ignorant.
This has to be the dumbest post I have ever read on digg and god damn have I read some stupid ones.
There is no (and can be no) free market in a system corrupt with power and greed. - inactive, on 10/10/2008, -3/+22Wow, there's that famous rightard inability to ever accept responsibility for their own actions.
Brilliant.
So Bush turns to ***** everything he touches, and the GOP goes along with it, but it's OBAMA'S fault?
LOL
How do retarded people get online? - Dan1400, on 10/10/2008, -2/+18What a shocker
- surferjoemaui, on 10/11/2008, -1/+9 That little blue 'e' with the swish around it. you becha!
- Bith8654, on 10/11/2008, -0/+7Stop listening to him, please. Even if you're just trying to hear every side, it's still not worth it.
- youareretarded, on 10/11/2008, -0/+7If all these defaulted mortgages or soon to be defaulted mortgages are whats causing this mess we are in then whats wrong with fixing that particular problem first?
I don't think government should be buying these bad loans but I do think that home owners should be given the opportunity to have lower payments at the expense of longer payments (45 years vs 30), add to that penalties on any profits a home owner my receive if they sell. Or along with profit penalties they could offer the loans at a more affordable interest rate, nothing so low that it pisses off the good paying neighbor but something low enough to help lower the payment.
Either way the alternatives are worse, without help, home properties will continue to fall (for both the defaulters and those that have been good) and properties will continue to be abandoned and their lack of upkeep will also help drop neighboring house prices as well.
If we secure the bad mortgages (not all of them will be able to be saved), we stop or at the very least limit the damage that has been done and everyone is happy and no one benefits more than the other.
Whats wrong with that plan? - cheezintern, on 10/11/2008, -0/+7the only 'economists' that are endorsing McCain are endorsing him as a republican or conservative first, and economist second. McCain has no idea how the economy works by his own admitting and it makes absolutely no sense to endorse him on his economic policies. I have a feeling it's like the 'scientists' who question global warming petition...they either don't exist or had their words taken out of context.
- algaeturd, on 10/11/2008, -0/+6That's been the plague of the republican party. They spend 4-8 years destroying this country and then democrats get in and rescue it. In the process, EVERYONE enjoys the benefits of a well-run country, especially republicans.
That's the funny secret republicans won't admit to. Think how much money these people earned under the Clinton years and look at them bark, whine and moan about the possibility of doing well again after an 8 year draught of freedom, infrastructure funding and huge wastes in money, lives, etc.
Hey Republicans: YOU'RE ***** WELCOME! - gwayo, on 10/10/2008, -3/+9The title is unfortunate--it will turn off the people who most need to hear this stuff. If it wasn't so negative/extreme-sounding, this article would be perfect to send to conservative friends/family--it's straight from the horse's mouth. I know, I'm whining.
- Reclinatron, on 10/11/2008, -1/+7No no no, a shocker has 2 in the pink. This is all stink.
- LoveWidescreen, on 10/11/2008, -0/+5I wonder what he knows about apostrophes. :P
- cheezintern, on 10/11/2008, -1/+5you're not the first person to say the market is 'reacting to obama winning.' Can you enlighten us where you hear this? I'm guessing it's faux news. I just want to know where you get such ridiculous information.
- belebih, on 10/11/2008, -0/+3From what I've seen, this idiocy pretty much stems from Henry Paulson's comments about blaming "future administrations". A lot of folks it seems find that mentality convenient enough for their agenda to try to justify it and run with it. Colbert did a nice "The Word" segment on it a while back.
http://www.colbertnation.com/the-colbert-report-vi ...
Paulson's comments at around the 3:00 min mark. - goes211, on 10/11/2008, -0/+3I am not a Obama fan but to blame the stock market decline on his lead in the polls is silly.
There is are lot of bad investments out there that need to be unwound. It just so happens that the unwind might take down the worlds economic system with it. That is not good for the stock market. - dBass, on 10/11/2008, -0/+2Obviously these McCain supporting eCONomists don't understand that the "fundamentals of our economy are strong™".
McCain: "My friends, some may say its 'big government' and 'socialism', but what they don't understand®, my friends, is my plan is based on the economic principle of buying low and selling lower." - PhilLesh69, on 10/11/2008, -0/+2Did Pappa Bear make that the new "buried for being inaccurate" complaint?
I don't watch Fox News, so I don't know what you mouth breathers are repeating from the neocon mouthpiece this week. - geoffg, on 10/11/2008, -1/+3Yeah totally, like under the Carter administration...those years were GREAT!
- Dagreenman, on 10/11/2008, -1/+3Irony.
- algaeturd, on 10/11/2008, -2/+4We're getting ready to rescue your asses from 8 straight years of continual failures and rampant, historic abuse of executive powers.
AND you're welcome.
You guys bitch and moan and piss and complain but you know it's true: Americans prosper under democrats and suffer under republipigs.
That's just history.
Again, YOU'RE WELCOME. - audomatix, on 10/11/2008, -0/+2I'll be happy to tell you why I'm voting for Obama although I'm not sure I'll have enough space.
Opposed the Iraq war from the start.
Voted to end the war in Iraq.
Supports capturing and killing Osama Bin Laden.
Favors a $1000 tax cut for every working American family.
Will implement tax form simplification to reduce filing time.
Provide tax credit for all middle class homeowners.
Provide a tax cut for all families making less than $75,000 a year.
Amend NAFTA to protect American workers.
Amend NAFTA to strengthen environmental protections.
Providing Flex Ed training accounts for workers.
Extending Trade Adjustment assistance to service workers.
Supported Patriot Employer Act of 2007 that gives tax credits to large companies that keep workers here in America.
Double funds for basic federal research.
Implement a long term research and development tax credit.
Invest in green technologies.
Reduce carbon emission gases.
Tackle the challenges of global warming.
Create an energy focused youth jobs program.
Create Federal Renewable Portfolio Standard.
Extend the Production Tax Credit.
Expand Broadband into every community.
Keep the Internet tax free.
Expand high speed internet access in rural areas.
Fight for passage of Employee Free Choice Act.
Ensure freedom to unionize.
Would overturn "Kentucky River" classifications of Bush's NLRB
Protect rights of striking workers.
Increase the mininum wage to index it to inflation.
Crack down on predatory lenders.
Provide a universal mortgage tax credit for homeowners who don't itemize.
Sign the Stop Fraud Act to prevent lending fraud.
Mandate accurate loan disclosure.
Create a fund to protect people from foreclosures.
Close the bankruptcy loophole for mortgage companies.
Establish a credit card rating to improve disclosure.
Ban utilateral credit card charges.
Apply interest rate only to future debt.
Prohibit credit card interest on fees.
Prohibit Universal defaults.
Require prompt and fair crediting of cardholder payments.
Protect working people from unfair bankruptcy laws.
Ban executive bonuses for bankruptcy companies.
REquire disclosure of pension investments.
Cap outlandandish interest rates on payday loans.
Implement legislation to drive unscrupulous lenders out of business
Create a bankruptcy exemption for people that went broke because of medical bills.
Double funding for after school programs.
Extend Family and Medical Leave Act.
Encourage states to adopt Paid leave.
Expand the Child Care Tax Credit
Supports ratification of UN Convention Rights of Persons With Disabilities.
Supports independent, community based living for people with disabilities.
Expand educational opportunites for people with disabilities.
Expand job opportunities for people with disabilities.
Strengthen civil rights enforcement.
Sign into law the Fair Pay Act.
Sign law reversing recent SCOTUS rulings that permitted discrimination against women.
Sign law reversing recent SCOTUS rulings that permitted discrimination against racial minorities.
Strengthen federal hate crimes legislation.
Eliminate the sentence disparities regarding crack cocaines.
Establish drug courts for first time, non violent offenders.
Create a prison to work incentive for those transitioning back into society.
Passed a law to prohibit the practice of racial profiling.
Supported reauthorizing the Voting Rights Act.
Opposes all discriminatory barriers to voting.
Helped reform death penalty system in Illinois to protect innocent people on death row.
Voted to ban cluster bombs.
Provide high quality affordable child care to families.
Will quadrulple Early Head Start funding.
Will increase Head Start funding.
Creates early learning challenge grants. - applepro, on 10/11/2008, -0/+2"Added George Viksnins, a retired professor of economics at Georgetown University: "Even though I support McCain I think this is an ill-considered program. This was something to get press time and face time, and that is the problem with our political system. This was done as a sound bite and without analysis."
Damn son! - PhilLesh69, on 10/11/2008, -0/+2no. IdigObama just prematurely ended his sentence. He was going to say "... he doesn't know anything about economic's feelings" (or economic's choice for president, or economic's gender, or economic's something or other.)
But that doesn't change the fact that McCain doesn't know anything about economics. He knows how to save the country because he served his country and was a POW, and he knows how to campaign for president by putting lobbyists into every key position in his campaign organization. - Fafnir43, on 10/11/2008, -0/+2Sorry - I hate McCain as much as you do - but there really isn't anything here as far as I can tell. Looking at the campaign's website (linked to in TFA), three hundred and twenty six economists are mentioned. A dozen of those disagreed with McCain's proposal. I'm pretty sure you could find a dozen people on there that disagreed with more or less any single part of McCain's economic plan. Without knowing how many economists were interviewed, this information is worthless.
If you want to talk about economists, there are far better pieces of information to use - like the fact that only one person on McCain's list has /defended/ the plan, or that an overwhelming majority of economists are Democrats or independents. This is just sloppy journalism. - inactive, on 10/11/2008, -0/+2I'm a conservative and I'm floored that any of them agree with it. It's a stupid socialist plan that one would have expected to be created by a democrat. Stop being a partisan hack and open up your eyes. McCain isn't a Republican. But yes, the Huffington post sucks.
- BradHAWK, on 10/11/2008, -2/+4Is McCain basically suggesting that we create a new Freddie Mac/Fannie Mae type endeavor?
- vault, on 10/11/2008, -1/+3Sorry Phil, I can't hear you over the sound of NASCAR in the background. May I offer you some Pemmican beef jerky?
Yes, you're big on stereotypes, aren't you? What stereotype applies to people that actually put '69' at the end of their name? - inactive, on 10/11/2008, -1/+3Funny, this graph suggests you're wrong: http://stateoftheunion.wordpress.com/2008/10/09/be ...
- audomatix, on 10/11/2008, -1/+3This guy doesn't have a staff in place if he gets elected or a plan for that matter. John McCain knows one thing for certain and it's not economics. It's that he wants to be president. Vote Obama, he's not running just so he can die knowing he was a president he's running because America needs fixing.
- audomatix, on 10/11/2008, -0/+2Want more?
Abolish overly rigid teach to the test curriculum in schools.
Improve accountability in public schools.
Invest in intervention strategies to reduce dropout rates in schools.
Increase funding for afterschool programs.
Supports Step Up program to increase summer learning opportunities.
Support English language learner programs.
Expand college outreach programs.
Create teacher service scholarships.
Requires all public schools to be accredited.
Create teacher residency programs.
Create the American Opportunity Tax Credit for higher education.
Streamline financial aid application.
Introduced legislation to increase Pell Grant to $5,100.
Reduce carbon emissions by 80% by 2050.
Confront deforestation.
Promote carbon sequestration.
Accelerate commercialization of plug in hybrids.
Promote development of commercial scale renewable energy.
Invest in low emission coal plants.
Transition to new electric digit grid.
Double science funding for clean energy products.
Create Green Jobs Corps.
Invest in programs to help manufacturers make transition to green products.
Create clean technologies venture capital fund.
Deploy cellulosic ethanol.
Expand locally owned biofuel refineries.
Increase renewable fuel standards.
Establish national low carbon fuel standard.
Increase fuel economy standards.
Invest in solar energy.
Invest in wind energy.
Establish a centralized database to track lobbyist activities.
Appoint an independent watchdog group to oversee congressional ethic violations.
Favors campaign finance reform.
Sunshine on legislation proposal.
End abuse of no bid contracts.
Release presidential records in a more timely fashion.
Prevent political appointees from working as lobbyists within two years after employment has ended.
Reform political appointment process.
Sign ethics legislation that he proposed as a Senator with Russ Feingold.
Obama sponsored a bi-partisan bill allowing regular people to track federal grants.
Take leadership in the global fight against AIDS.
Provide tax cuts to small businesses.
Provide income tax cuts for all senior citizens making $50,000 a year or less.
Expand the Earned Income Tax Credit.
Protect workers from caregiver discrimination.
Increase mentoring programs for beginner teachers.
Provide universal health care for all Americans within 4 years.
Combat fraudulent subprime loans.
Expand Nurse Family Partnership.
Provide automatic workplace pensions for workers.
Expand savings credit for retirement accounts.
Reinstate pay as you go budget rules.
Repeal Bush tax cuts for top 1% which led to lower middle class standard of living.
Slash earmarks to pre 2001 levels.
Abolish obsolete wasteful government programs.
Voted against raising the minimum debt in 2006.
Supports wiping out Al Qaeda wherever they may be.
Opposed Kyl Lieberman.
Supports tough attempts at diplomacy with Iran to protect America's interests.
Will work to resolve the Israeli-Palestinian conflict.
Restrengthen NATO.
Passed a bipartisan law with Senator Lugar to prevent smuggling of WMDs.
Introduced a bill with Senator Hagel to reduce nuclear arsenals around the globe.
Supports securing loose nuke arsenals from the former Soviet Union and elsewhere.
Strengthen Non Nuclear Proliferation Treaty.
Expand size of Army by 65,000.
Expand size of Marines by 27,000.
Provide our troops with new equipment and the tools they need.
Provide National Service troops with adequate leave time.
Will insulate the Director of National Intelligence from partisan politics.
Guarantee that health care can never be denied because of a pre-existing condition.
Introduce a health care plan similar to the one members of Congress have and give all - PhilLesh69, on 10/11/2008, -2/+3Dude, keep up with the program, vault.
Fox News finally figured out that everyone knows the "buried for huffpost" comment is just a worn out and empty neocon redneck attempt at marginalizing something they can't argue against.
The new line is "where's my cut for huffpost advertising dollars they are making off this digg?"
Get with the program!! How many days has it been since you watched Fox News? You do know we have people who deal with traitors like you who fail to watch the number of hours of Fox News each week that you are supposed to, don't you? If it falls below 12 hours a week, we will start calling you a hippie. If that happens two weeks in a row, we'll call you a commie. after three weeks, we call you a liberal. After four weeks, we know that you hate america and want to destroy it. - saurabharya, on 10/11/2008, -0/+1someone's talking like MacCain...
- pak314, on 10/11/2008, -0/+1There was already a mortgage bailout passed just a few weeks back. Why do we need another one? I am sick of this *****. I live my life well within my means and these people gamble on everything and when the make a bad decision expect us to pay for the mess.
- radiofrequency, on 10/11/2008, -0/+1John McCain's statements at the 2nd debate about how he would deal with the mortgage crisis were decidedly un-Republican, surprising and out-of-character. I don't know what the heck he was trying to do, but these policies would never get enacted under his administration.
I wrote Senators Feinstein and Boxer, Speaker Pelosi, Senators Obama and McCain as well as Governor Palin to voice my opposition to the bailout plan. Only Pelosi, Obama and Palin did not reply to my letters.
McCain's letter was in stark contrast to those of Feinstein and Boxer. To note, both democrats revealed that opposition to the bailout was 90:10 but justified it as "necessary" and without threatened that without the bailout California (the state) would be unable to raise more money for spending. I didn't want the spending/bond measures to begin with and they failed to acknowledge that spending had grown out of control or that more debt for Americans was unsustainable.
Only McCain recognized the bailout as unfortunate and wrote, "It is an outrage that it's even necessary". He noted, "We need to work together to institute sound policies that will stimulate and strengthen our economy and promote our nation's long-term economic growth." - kismetropolis, on 10/11/2008, -0/+1Here's the Washington Post link with less charged verbiage:
http://www.washingtonpost.com/wp-dyn/content/artic ... - HumanNouveau, on 10/11/2008, -0/+1Maybe it's just me, but when I first heard that come from McCain at the debate, I had the distinct impression he had just made that up on the fly.
We won't know the truth of that for a bit yet, but I'm guessing that it was a say something Mav'ricky point in the debate, so he threw it out there and his people were left to find ways to make it sound less crazy. - FaithclubDotNet, on 10/11/2008, -2/+3People may have thought it was dumb of McCain to support the hasty bailout package... But it is like a gamble. If the markets rally when the US buys stock, it will be good for McCain. If the bailout package allows us to sell stock when it is high for a profit, it will be exceptionally good for McCain. The thing is... What are his chances?
- northwatuppa, on 10/11/2008, -0/+1That's joke right. I guess nobody gets it.
Correlation=Causation is a kind of fallacy that every freshman learns about on day one. Hence, rclancy's argument is trollish nonsense. - kingmanic, on 10/11/2008, -1/+2Prediction:
As the US starts buying those mortgage securities the mortgage securities will rally. When they decide to dump them. Mysteriously they'll be worthless. - inactive, on 10/11/2008, -2/+3Huffington post is garbage, digg that down bishes.
- Wangeye, on 10/11/2008, -0/+1"Except for the totalitarianism you guys are already there."
Not yet, anyway. - tumatakuru, on 10/11/2008, -2/+3("huffpo = buried as spam") + (absence of any original thought in comment) = buried as spam
- randumbusername, on 10/11/2008, -0/+1the only consistent one on cnbc is caruso-cabrera. all of them were against government being involved until a financial sector bailout was needed.
- randumbusername, on 10/11/2008, -0/+1i said the same early on. in the primaries mccain and obama sounded very much the same on policies (government/giant bureaucracy being the solution) the primary difference being the war. mccain may have been farther to the left than obama on the immigration issue. but most people are caught up in party identity.
not to long ago on howard stern's show they took mccain's policy positions and assigned them to obama and asked the obama supporters if they agreed. those smart educated enlightened obama supporters didn't even notice the swap and were essentially co-signing mccain.
this race is more akin to a high school feel good popularity contest than a decision on anything substantive.
i listen to both the left and right radio talk shows (hannity, bennett, press, and shultz). the callers and host make you feel as though stuck in a room full of crazy people. the only positive i see is the combination of democrats and republicans will eventually collapse the top structure of government as both love big government, both love to spend, both love to buy votes through government spending; neither are responsible, both have authoritarian tendencies which makes people rebel. - geoffg, on 10/12/2008, -0/+1The day you realize that the socialists, fascists, and communists have successfully hijacked all the arguments of the anti-authoritarians and repeat them day in and day out is the day you wake up and see the world as it is.
- vault, on 10/11/2008, -1/+2(guy from New Zealand) + (repeating Huffpo talking points) + (pretending to have an original thought) + (stupid, wannabe trendy Japanese-sounding name) = tumatakuru
- vision777, on 10/11/2008, -0/+1Sorry to bust your bubble but the typical white person is the one who has multiple credit cards they can't afford. They are the ones who are purchasing expensive homes they can't afford. Everyone is in this quit throwing around your racist remarks.
- jackieblu, on 10/11/2008, -0/+1This article implies that economists had endorsed his prior plans, and it took this last lame proposal for them to express concern. I wonder how much they were paid, until they realized it wasn't worth it!
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